An Annual Maintenance Contract (AMC) is an agreement with a service provider for repair and maintenance of a Product used by the Service User. They can cover anything that your business owns and uses as long as it is a product that can be maintained. This agreement provides that the maintenance services provider will provide regular maintenance to your company under the terms of the contract.
The Annual Maintenance Contract (AMC) is the legal agreement normally conducted between two companies wherein the later agrees to render the maintenance service annually to the former at an exchange of the nominal amount. It ensures that the later promises to provide maintenance services to the former all through out the year on a regular basis.
In the context of electronics, machinery, or equipment, an Annual Maintenance Contract (AMC) is an agreement between a customer and a service provider for the ongoing maintenance and repair of the equipment. The customer pays a fixed fee annually, and the service provider ensures that the equipment remains in good working condition by providing regular maintenance and addressing any issues that arise.
The proper functioning of the office equipments in the company requires proper maintenance and regular services which is out sourced these days to other companies who are specialized for this work. But there should be a contract supporting the whole procedure.
Shakir Siddiqui
Technical Head
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